When O’Donnell laudably tried using to emphasis the audience’s attention onand hopefully very last, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen underneath for decent, I used to be overtaken, not through the pulling about the thread, plus the voracious audience he serves. It didn’t make me unfortunate, it built me angry.
Regarding celebrities, we will be considered a heartless nation, basking within their misfortunes like nude sunbathers at Schadenfreude Seaside. The impulse is understandable, to some diploma. It could be grating to listen to complaints from persons who take pleasure in privileges that the majority of us cannot even imagine. When you cannot muster up some compassion for Charlie Sheen, who tends to make much more bucks for any day’s operate than the majority of us will make inside a decade’s time, I guess I can not blame you.
Together with the fast speed of occasions on the internet plus the advice revolution sparked through the World wide web, it is very very easy for the engineering industry to presume it is extraordinary: continuously breaking new ground and accomplishing elements that no one has at any time executed in advance of.
But one can find other types of organization which have by now undergone many of the exact same radical shifts, and also have just as excellent a stake during the foreseeable future.
Take healthcare, for example.
We usually consider of it as being a huge, lumbering beast, but in truth, medicine has undergone a series of revolutions during the previous 200 a long time which have been at the very least equal to these we see in solutions and data.
Less understandable, but even now within the norms of human nature, is the impulse to rubberneck, to slow down and consider the carnage of Charlie spectacle of Sheen’s unraveling, but of the blithe interviewer Sheen’s everyday living as we pass it within the right lane of our each day lives. To get sincere, it can be tough for men and women to discern the distinction concerning a run-of-the-mill focus whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its very own merits, a quote like “I Am On the Drug. It is Described as Charlie Sheen” is sheer genius, and we cannot all be expected to get the total measure of someone’s existence each individual time we listen to something amusing.
Fast forward to 2011 and I am attempting to examine implies of getting a little more business-like about my hobbies (primarily songs). Through the conclude of January I had manned up and started out to promote my weblogs. I had developed numerous several blogs, which have been contributed to by close friends and colleagues. I promoted these actions as a result of Facebook and Twitter.
2nd: the very little abomination the Gang of Five on the Supream Court gave us a yr or so back (Citizens Inebriated) basically incorporates a touch bouncing betty of its own that could extremely very well go off during the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. Seeing as this ruling extended the idea of “personhood” to equally businesses and unions, to strive to deny them any best to run in the legal framework that they have been organized below deprives these “persons” on the freedoms of speech, association and movement. Which suggests (once once more, quoting law school skilled friends and family) that possibly the courts really need to uphold these rights for your unions (as particular person “persons” as assured from the Federal (and most state) constitutions, or they've to declare that these attempts at stripping or limiting union rights ought to use to significant companies, also.
In New York, Tuesday marked the beginning of the long awaited trial of hedge fund manager Raj Rajaratnam, who ran the $7 billion Galleon Group and whose personal wealth is estimated at $1.3 billion. He is being prosecuted by the SEC for insider trade deals. Rajaratnam is said to have made $45 million in illegal profits. He has denied the charges and is free on $100 million bond. If he is convicted he could go to prison for as long as 20 years. The SEC historically has been such a handmaiden of the finance business that it's hard to imagine anything serious coming out of its prosecutions, but one never knows.Whatever happens to Rajaratnam, it would be simple enough to prosecute many of the high rollers on first civil, then criminal charges, fining them millions of dollars and taking them out of circulation for up to 20 years.
"Contrary to prevailing propaganda, there is a fairly straightforward case that could be launched against the CEOs and CFOs of pretty much every US bank with major trading operation," writes Yves Smith in her popular Naked Capitalism blog. "I'll call them 'dealer banks' or 'Wall Street firms' to distinguish them from very big but largely traditional commercial banks.’’ She proceeds to lay out the case, the key points of which I have excerpted below:
Since Sarbanes Oxley became law in 2002, Sections 302, 404, and 906 of that act have required these executives to establish and maintain adequate systems of internal control within their companies. In addition, they must regularly test such controls to see that they are adequate and report their findings to shareholders (through SEC reports on Form 10-Q and 10-K) and their independent accountants. “Knowingly” making false section 906 certifications is subject to fines of up to $1 million and imprisonment of up to ten years; “willful” violators face fines of up to $5 million and jail time of up to 20 years.
• • • • •
At Daily Kos on this date in 2009:
It is difficult to muster any sympathy whatsoever for the goddamned banks. This is a crisis entirely of their own manufacture. Yes, the housing market went down -- which anyone with an ounce of sense could have predicted, and did. Any bank betting the entirety of its assets many-times-over on that not happening deserves to fail as spectacularly as possible, its corporate leadership condemned to no greater future responsibilities than bussing tables. ...We are aware of Japan's "Lost Decade", a period of real estate collapse and economic stagnation. We have, though, been in our own Lost Decade since the turn of the millennium, and only now that the higher echelons of our society have found themselves in as unpalatable a situation as the rest of us have been in has anyone important deigned to notice. We have had a decade of doing nothing, and two decades of offshoring our every competence, leaving us to putter in our financial closets and declare ourselves kings of all we could see.
In New York, Tuesday marked the beginning of the long awaited trial of hedge fund manager Raj Rajaratnam, who ran the $7 billion Galleon Group and whose personal wealth is estimated at $1.3 billion. He is being prosecuted by the SEC for insider trade deals. Rajaratnam is said to have made $45 million in illegal profits. He has denied the charges and is free on $100 million bond. If he is convicted he could go to prison for as long as 20 years. The SEC historically has been such a handmaiden of the finance business that it's hard to imagine anything serious coming out of its prosecutions, but one never knows.Whatever happens to Rajaratnam, it would be simple enough to prosecute many of the high rollers on first civil, then criminal charges, fining them millions of dollars and taking them out of circulation for up to 20 years.
"Contrary to prevailing propaganda, there is a fairly straightforward case that could be launched against the CEOs and CFOs of pretty much every US bank with major trading operation," writes Yves Smith in her popular Naked Capitalism blog. "I'll call them 'dealer banks' or 'Wall Street firms' to distinguish them from very big but largely traditional commercial banks.’’ She proceeds to lay out the case, the key points of which I have excerpted below:
Since Sarbanes Oxley became law in 2002, Sections 302, 404, and 906 of that act have required these executives to establish and maintain adequate systems of internal control within their companies. In addition, they must regularly test such controls to see that they are adequate and report their findings to shareholders (through SEC reports on Form 10-Q and 10-K) and their independent accountants. “Knowingly” making false section 906 certifications is subject to fines of up to $1 million and imprisonment of up to ten years; “willful” violators face fines of up to $5 million and jail time of up to 20 years.
• • • • •
At Daily Kos on this date in 2009:
It is difficult to muster any sympathy whatsoever for the goddamned banks. This is a crisis entirely of their own manufacture. Yes, the housing market went down -- which anyone with an ounce of sense could have predicted, and did. Any bank betting the entirety of its assets many-times-over on that not happening deserves to fail as spectacularly as possible, its corporate leadership condemned to no greater future responsibilities than bussing tables. ...We are aware of Japan's "Lost Decade", a period of real estate collapse and economic stagnation. We have, though, been in our own Lost Decade since the turn of the millennium, and only now that the higher echelons of our society have found themselves in as unpalatable a situation as the rest of us have been in has anyone important deigned to notice. We have had a decade of doing nothing, and two decades of offshoring our every competence, leaving us to putter in our financial closets and declare ourselves kings of all we could see.
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